The Third Plenary Session of the 18th Central Committee of the Communist Party of China proposed China should integrate its “going out” and “bringing in” strategies. While China is the world’s third-largest source of outward FDI, Guangdong is at the forefront of its foreign economic activities. A HKTDC survey revealed most Guangdong enterprises by “going out” would seek service supports predominantly via Hong Kong.
Shandong’s diverse industrial sectors have given rise to a highly-segmented logistics industry. Industries in Shandong are seeking to optimise supply chain management with higher value-added logistics services, particularly regarding its well-established food industry and growing pharmaceuticals sector. Hong Kong companies are well placed to benefit from the emerging opportunities.
The Decision on Major Issues Concerning Comprehensively Deepening Reforms (“the Decision”) released at the end of the Third Plenary Session of the 18th CPC Central Committee has drawn much attention from local and foreign media alike.